TC Energy files legacy NAFTA claim; seeks $15B in damages after Keystone XL cancellation

TC Energy says it will seek more than US$15 billion from the U.S. government in the wake of President Joe Biden’s cancellation of the Keystone XL pipeline’s damage permit.

The Calgary-based company says it launched a claim under the legacy rules tied to the old North American Free Trade Agreement, or NAFTA, because of what it says is the U.S. government’s breach of its free trade obligations.

The company has filed a notice of intent with the U.S. Department of State.

Biden revoked the permit for Keystone XL shortly after his inauguration. TC Energy formally cancelled the project earlier this month, taking a $2.2-billion writedown.

The proposed pipeline had been the subject of a decade-plus battle the pitted the energy industry against environmentalists.

The Alberta government invested in the project and was left on the hook for $1.3 billion when it was cancelled.

Watch below: Some videos about the Keystone XL pipeline.

2:34 What happens to Alberta’s $1.3B investment into Keystone XL?

• What happens to Alberta’s $1.3B investment into Keystone XL?
• ‘We continue to work on our options’: Kenney says province looking at legal options after Keystone XL cancellation
• Developer pulls plug on Keystone XL pipeline
• TC Energy terminates Keystone XL expansion project
• U.S. states file Keystone XL lawsuit against President Biden
• Kenney thanks U.S. states launching legal action against cancellation of Keystone XL
• Trudeau questioned on cancellation of Keystone XL project, impacts of calls to shut down Enbridge’s Line 5
• Keystone cancellation prompts emergency debate in parliament
• O’Regan rebuffs calls to impose sanctions on U.S. over Keystone XL cancellation
• Conservative leader O’Toole criticizes Trudeau over Biden’s cancellation of Keystone XL project
• A close friend and ally doesn’t just rip up approval like that’: Kenney on cancelled Keystone XL
• Political scientist Duane Bratt weighs in on Kenney’s Keystone XL compensation request
• Farmers concerned over rail demand following Keystone XL cancellation
• Alberta Premier Jason Kenney calls for compensation amid cancellation of Keystone XL
• Keystone XL cancellation a blow to economy of the Alberta town where the pipeline begins
• Trudeau ‘disappointed’ with Biden’s decision to block Keystone XL, says relationship with U.S. is bigger than one issue
• Trudeau faces pressure to change Biden’s mind on Keystone XL

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